Glyde, a UK-based FinTech company aiming to bring greater transparency and control to foreign exchange, has raised £450,000 in pre-seed funding.
The round was led by Fuel Ventures, an investor known for backing early-stage technology firms. The new capital will be used to expand Glyde’s engineering team, speed up product development, and grow the company’s presence in the UK and international markets.
Founded by brothers Ellis and Nathan Taylor, Glyde is building a cross-border currency platform designed to serve freelancers, global earners, and growing businesses. The platform allows users to send, receive and convert money across more than 50 currencies—without brokers, middlemen, or hidden fees.
Unlike traditional providers, Glyde users can select their own exchange rates, giving them full visibility and improved cost control. The company claims users can save up to three times the fees typically charged by leading players such as Revolut.
To further its mission of transparency in the FX market, Glyde has launched an online calculator that exposes hidden fees charged by other providers. The calculator does not require user data and offers a real-time comparison of true currency exchange costs.
Glyde CEO Ellis Taylor said, “The first step with transparency is showing people what they’re really paying their FX providers. Our calculator exposes the hidden fees and helps users make better decisions
Fuel Ventures managing partner Mark Pearson said, “Glyde addresses a critical pain point in the modern, global economy. Ellis and Nathan have created a product that hands real control back to users. From digital nomads and ecommerce sellers to growing businesses, Glyde offers a compelling alternative to outdated FX systems. We are excited to support them in bringing more clarity and competition to this space.”
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